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in this room. what is important is what you have on the table would make ronald reagan look like a piker. he knows how hard it was, with some very good people. [laughter] the point is, in the fiscal cliff, you will not get any of this done. joe lieberman outlined the potential of approach. some cutting, some modest revenue. then you move back to regular order, which trent lott was talking about last year. then you need a mechanism to enforce the discipline. my worry is, you read the washington post report and, frankly, the people doing the negotiations on both sides do not know the basics. starting with the fact that you need one piece of paper, not competing pieces of paper. i would be worried about -- if these people just talked to each other as opposed to negotiating and pontificating on their positions, the president will be very tempted to let the tax cuts expire, it is not sustainable because of the alternative minimum tax and other things. that is a gutsy, given the state of the economy, and people need to be prepared for it. >> let's talk about the rest of the world. we want to ask t
was it, 1982 or 1983, back in the 1980's, tip o'neill and ronald reagan got together and made adjustments to social security that saved the program. that's my point. sometimes you need to adjust and change to save the very thing you care most about. and so tip o'neill didn't sell out the democratic party by embracing that agreement. the democrats in congress, many of them very progressive at that time who supported it, didn't work traders to the party. if we do it in a responsible way, a balanced and doesn't just gut the programs and just not all entitlement reform with no revenue, i think the base of the party and leaders and organized labor will understand. they also know the alternative is doing nothing, with bad damage to jobs and the economy. and ultimately insolvency of these programs themselves, or. b, the right wing of the republicans are coming in and taking over because we have done nothing to solve the problem and their answer to the solution would be much more draconian. host: jack. he's our first phone call for the senator. republican. go ahead. caller: mr. bayh, one question
Search Results 0 to 1 of about 2